TaxTMI 
TaxTMI 
EPCG/Duty Exemption Schemes --- exemption notifications explained
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....on notifications explained In the Exim Policy 2000-2001 announced on 31.3.2000, interalia 5% Duty EPCG Scheme and few other Duty Exemption Schemes have been introduced. In order to operationalise these export promotion schemes, the Department of Revenue have issued Customs Notification Nos. 47/2000 and 48/2000 both dated 25th April, 2000, 49/2000, 50/2000 and 51/2000 all dated 27th April, 2000 ....
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.... equipments is attached to the notification. However, import of only those equipments would be permitted which are required by service providers for rendering services. Import of consumer items like carpets, crockery, marble, chandeliers etc. shall not be allowed. For the purpose of allowing imports to service providers, the list of equipments appended to Customs Notification No. 29/97 can be used....
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.... from BG under 15% duty scheme. Similarly, in terms of para 3.1 (c) $ (d) other manufacturer exporters & service providers have been granted 50% BG exemption under 15% Duty EPCG Scheme. It is clarified that the same provision specified in paras 3.1 (a), (c) & (d) shall be applicable for 10% and 5% duty EPCG Schemes. In other words, a status holder would enjoy full BG exemption under 5% duty EPCG S....
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....cheme (Vide Customs Notification No. 36/97). Customs Notification No. 50/2000 dated 27.4.2000 refers. Duty Free Replenishment Certificate Scheme (DFRC) In order to permit of inputs used in the manufacture of resultant export products, DFRC licences would be issued on post export basis. The Scheme would be applicable to export products which has Standard Input-Output Norms (SION) specified in....